Pricesmart Inc (PSMT) Files Form 4 Insider Selling : Thomas D Martin Sells 1,355 Shares

Pricesmart Inc (PSMT): Thomas D Martin , Chief Merchandise Officer of Pricesmart Inc sold 1,355 shares on Apr 12, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $81.54 per share for a total value of $110,486.70 according the SEC Form 4 Filing.

Currently the company Insiders own 29.5% of PriceSmart shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -4.86%.Institutional Investors own 67.87% of PriceSmart shares.During last six month period, the net percent change held by insiders has seen a change of -4.86%.

PriceSmart: On Monday, Apr 11, 2016 heightened volatility was witnessed in PriceSmart which led to swings in the share price. The shares opened for trading at $81.1 and hit $83.92 on the upside , eventually ending the session at $81.85, with a gain of 1.06% or 0.86 points. The heightened volatility saw the trading volume jump to 3,28,314 shares. The 52-week high of the share price is $103.59 and the company has a market cap of $2,486 M . The 52-week low of the share price is at $68.51.

PriceSmart Money Flow Index Chart

PriceSmart Inc. (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart. The Company’s operating segments are the United States Latin America and the Caribbean. The warehouse clubs sell basic high quality consumer goods at low prices to individuals and businesses. The no-frills warehouse club-type buildings range in size from 48000 to 100000 square feet and are located primarily in urban areas. The Company operates 36 warehouse clubs in Central America Caribbean and South America.

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